Bank of Marin Bancorp rises after upbeat Q4 earnings

Bank of Marin Bancorp

24/01/2022 14:59

** Shares of regional bank  BMRC.O  rise ~0.9% to $38.04 in
early trading after co reports qtrly results  
    ** Co reports Q4 adjusted earnings of $0.66/shr vs Street
estimates of $0.59/shr
    ** "Improving economic forecasts led to reduced credit loss
provisions in 2021 when compared to the prior year," said Tim
Myers, President and Chief Executive Officer in a statement
 urn:newsml:reuters.com:*:nBw12BXCMa
    ** Consensus rating of 6 analysts on stock is hold; median
PT is $40 - Refinitiv data 
    ** Up to previous close, stock had risen 1.26% YTD

 (Reporting by Manya Saini in Bengaluru)
 ((Manya.Saini@thomsonreuters.com;))